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An energy investment trust, the primary focus of which is to maintain and enhance cash distributions to its unitholders through the development of its operating subsidiaries' existing in crude oil and natural gas properties
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MarionContrarian (74.05) Submitted: 8/16/08 12:12 AM : Start Price: $36.39 ERF Score: 9.90
The energy / commodity trade is currently unwinding and the "big players" are transitioning to the oversold financials in the short term. Additionally, the US dollar is strengthening against the Canadian dollar and other currencies.ERF's 12% yield will get juicier as the stock declines, and provide some downside support for the equity, but ERF will probably sink 15%-20% lower than the current $39/share price before rebounding.
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